Real Madrid have announced that they have agreed a deal with betting website BWIN to extend their shirt sponsorship deal for another three years.
Los Merengues' current agreement with the gambling giants was due to run out at the end of the current campaign and discussions have now born fruit, the club have reported on their official website.
The Austrian company replaced BenQ on Madrid's shirts in 2007 and pay the Spanish outfit between €15-€20 million per season.
That has now been extended until 2013 and will see Madrid earn at least €20m-a-year in revenue, which will help ease the club's debt of around €422m.
Madrid were unable to carry the BWIN name on their shirts for their opening Champions League game against Zurich and will not be able to when they visit France to play Olympique de Marseille later in the group stage.
Both the French and Swiss do not allow advertising by gambling companies unless they are state owned, though that law is soon to be changed in l'Hexagone.
Also rumours saying Perez is close to agreeing a new deal with Adidas.